Unveiling the World's Most Expensive Construction Wonders: Prepare to Be Awestruc
3. The Wynn Palace
Place: China
Completed Cost: $4 Billion
Year Completed: 2016
The Wynn Palace Resort in Macau is a premier luxury destination featuring two towering hotel buildings, over 1,700 rooms, a sprawling casino, and thirteen world-class restaurants. This $4 billion resort faced construction delays, missing its original opening date by over two years.
Despite challenges, the Wynn Palace opened in 2016, showcasing extravagant designs and top-tier amenities for leisure and business travelers. It has since become a key attraction in Macau, solidifying the region's reputation as a hub for gaming and entertainment.
The Wynn Palace exemplifies the difficulties and achievements of large-scale construction projects. Its completion highlights the perseverance of developers and reinforces Macau's status as a premier luxury destination in Asia.
Wynn Palace
The construction of the Wynn Palace encountered setbacks and delays, extending the timeline beyond expectations. Leighton Holdings (now Cimic Group) suffered a financial loss of $38 million due to a three-month delay, missing a deadline-based bonus.
Despite losses for some stakeholders, the resort’s opening brought success. Wynn Resorts' stock surged to a 52-week high, reflecting investor confidence in this luxury destination.
The Wynn Palace illustrates the complexities of large-scale construction. While challenges arose, its ultimate success highlights the rewards in hospitality and gaming industries, marking a new chapter for Macau's entertainment landscape.
